Startup Georgia, a project instituted by Partnership Fund, has financed a used tires recycling project by 100 000 GEL. The project authors plan to manufacture plastic, raw rubber and their products through recycling of used tires.
Gia Bazghadze told Business Course that the production will start in the second half of July and modernized asphalt will be one of the main products.
“Paved and noisy road may be replaced by this asphalt. We are working to introduce these standards. We have explored that previously 10 municipalities of Tbilisi used to apply 3 million GEL raw rubber plates. This product is mainly imported from Turkey and it is very expensive. If we move to production of modernized asphalt, the product will cheapen twice. As a result, tender winning companies will be able to lay 2.5 times more plates”, Bazghadze said.
Initially, the company will employ about 10 persons and manufacture 400-500 kilograms of used tires an hour.
Total investment value of the project is 130 000 GEL and Startup Georgia has financed it by 100 000 GEL.